For this is the truth that we are now facing. For all of its democratizing power, the Internet, in its current form, has simply replaced the old boss with a new boss. And these new bosses have market power that, in time, will be vastly larger than that of the old boss.
Fred Wilson
The Internet is a continuous revolution for businesses and our personal lives, its size and network effects enabling a new class of fast-growing, global monopolies, from Amazon to Google to (maybe) Uber. The upside: because the entry barriers are low and things are evolving so fast in the new digital economy, competitors can emerge and grow just as fast.
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